On June 29, 2018, Echelon Corporation (the “company”) announced its entry into an Agreement and Plan of Merger, dated June 28, 2018 (the “Merger Agreement”), among the Company, Adesto Technologies Corporation (“Parent”) and Circuit Acquisition Corporation, a wholly owned subsidiary of Parent (“Merger Sub”). Effective upon the effective time of the Merger, Narbeh Derhacobian became the sole director of the company. The following persons, who were directors of the Company prior to the effective time of the Merger, are no longer directors of the company: Ronald A. Sege, Robert J. Finocchio, Jr., Armas Clifford Markkula, Jr., Robert R. Maxfield and Betsy Rafael. Effective upon the effective time of the Merger, Narbeh Derhacobian and Ronald Shelton became the officers of the company.